Funding arb · Price arb /

DOGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0601%/8h= −65.8% APRpaid last 24h −0.158%

Price spread now: Gate against RISEx−0.228%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.345%−$34 on $10k

Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.228%, 7d avg −0.065%

Together, before fees−0.158%−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Gate is 0.163% cheaper against RISEx than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.065%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DOGE/USDC	0.1010	0.0701	pay 0.0088% / 1h	12m 05s	$326K	$404K	10x
Short	Gate DOGE_USDT	0.1008	0.0100	get 0.0100% / 8h	7h 12m	$245.2M	$131.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee GatebpOrdersPrice spread, now −0.228%Rate

Funding earned: −$126.27
Price spread: −0.228% → −0.065%: −$16.26
Slippage, 4 orders: −$14.12
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$177.65
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from RISEx: live order book, 61 min ago; Gate: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 61 min ago	3.02 bp	6.0 bp −$6	10.4 bp −$104	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.49 bp	12.5 bp −$12	25.1 bp −$251	35.4 bp −$3,542	58.2 bp −$29.1K

DOGE on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget DOGEUSDT	−0.0169%	8h	0.1007	−0.327%	$153.0M	$271.6M	75x	as long as short
Kraken Futures PF_DOGEUSD	−0.0077%	1h	0.1010	−0.076%	$6.1M	$33.9M	50x	as long as short
Kalshi KXDOGEPERP	0.0000%	8h	0.1010	−0.018%	$394K	$4.9M	2.8x	as long as short
Deribit DOGE_USDC-PERPETUAL	0.0000%	1h	0.1009	−0.098%	$607K	$119K	25x	as long as short
gTrade (Gains Network) DOGE/USD	L +0.0001% / S 0.0000%	1h	0.1009	−0.122%	$23K	—	150x	as long as short
dYdX DOGE-USD	+0.0012%	1h	0.1009	−0.093%	$227K	$44K	10x	as long as short
Lighter DOGE	+0.0096%	1h	0.1010	−0.014%	$798K	$5.9M	15x	as long as short
Katana Perps DOGE-USD	+0.0100%	8h	0.1010	−0.059%	$2K	$419K	10x	as long as short
Nado DOGE-PERP	+0.0100%	1h	0.1009	−0.168%	$517K	$973K	10x	as long as short
Aster DOGEUSDT	+0.0100%	8h	0.1009	−0.104%	$5.1M	$46.6M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DOGE	+0.0100%	1h	0.1010	−0.045%	$337K	$511K	20x	as long as short
Binance DOGEUSDT	+0.0100%	8h	0.1009	−0.182%	$320.8M	$1.40B	75x	as long as short
Bybit DOGEUSDT	+0.0100%	8h	0.1009	−0.178%	$160.8M	$439.3M	75x	as long as short
OKX DOGE-USDT-SWAP	+0.0100%	8h	0.1008	−0.198%	$111.3M	$973.1M	50x	as long as short
Arcus DOGE-USD	+0.0100%	1h	0.1010	0.000%	$28K	$74K	10x	as long as short
Bulk DOGE-USD	+0.0100%	1h	0.1003	−0.714%	$384K	$5K	10x	as long as short
Gate DOGE_USDTshort	+0.0100%	8h	0.1008	−0.228%	$245.2M	$131.2M	75x
MEXC DOGE_USDT	+0.0100%	8h	0.1008	−0.198%	$113.2M	$226.1M	300x	as long as short
KuCoin DOGEUSDTM	+0.0100%	8h	0.1009	−0.109%	$66.2M	$42.3M	75x	as long as short
BingX DOGE-USDT	+0.0100%	8h	0.1008	−0.218%	—	$76.2M	—	as long as short
Backpack DOGE_USDC_PERP	+0.0100%	1h	0.1008	−0.208%	$366K	$1.1M	15x	as long as short
Variational Omni DOGE	+0.0100%	8h	0.1010	−0.001%	$994K	$8.1M	—	as long as short
edgeX DOGEUSDC	+0.0100%	4h	0.1014	+0.342%	$271K	$125.1M	20x	as long as short
GRVT DOGE_USDT_Perp	+0.0100%	8h	0.1015	+0.416%	$639K	$4.5M	10x	as long as short
ApeX Omni DOGEUSDT	+0.0100%	1h	0.1015	+0.455%	$149K	$270K	25x	as long as short
Polymarket Perps DOGE-USD	+0.0100%	1h	0.1010	−0.079%	$268K	$634K	10x	as long as short
Orderly PERP_DOGE_USDC	+0.0100%	8h	0.1009	−0.119%	$74K	$426K	50x	as long as short
Derive DOGE-PERP	+0.0100%	1h	0.1009	−0.123%	$25K	$1K	10x	as long as short
SunX DOGE-USDT	+0.0100%	8h	0.1010	−0.043%	$35K	$2.2M	30x	as long as short
SoDEX DOGE-USD	+0.0100%	1h	0.1009	−0.109%	$2K	$3.8M	10x	as long as short
HTX DOGE-USDT	+0.0100%	8h	0.1009	−0.122%	$6.0M	$52.9M	75x	as long as short
Phemex DOGEUSDT	+0.0100%	8h	0.1009	−0.158%	$93.1M	$18.0M	50x	as long as short
Paradex DOGE-USD-PERP	+0.0100%	8h	0.1010	−0.086%	$18K	$5K	30x	as long as short
Extended DOGE-USD	+0.0104%	1h	0.1009	−0.126%	$534K	$3.9M	50x	as long as short
Aevo DOGE-PERP	+0.0104%	1h	0.1009	−0.114%	$19K	—	3x	as long as short
01 Exchange DOGEUSD	+0.0176%	1h	0.1010	−0.036%	$533	$4K	10x	as long as short
Reya DOGERUSDPERP	+0.0182%	1h	0.1008	−0.190%	$2K	—	20x	as long as short
BloFin DOGE-USDT	+0.0220%	8h	0.1008	−0.218%	$15.4M	$25.7M	75x	as long as short
Coinbase International DOGE-PERP-INTX	+0.0240%	1h	0.1010	−0.079%	$2.0M	$25.2M	50x	as long as short
Phoenix DOGE	+0.0240%	1h	0.1011	+0.065%	$66K	$283K	10x	as long as short
GMX DOGE/USD [ETH-USDC]	L +0.0247% / S −0.0271%	1h	0.1009	−0.102%	$317K	—	200x	as long as short
RISEx DOGE/USDClong	+0.0701%	1h	0.1010	long leg	$326K	$404K	10x
Hyperliquid DOGE	+0.0780%	1h	0.1009	−0.109%	$123.1M	$95.6M	10x	as long as short
Injective DOGE/USDC PERP	+0.0973%	1h	0.1018	+0.752%	$5K	$239K	12x	as long as short